The Hindu Business Line : Tuesday, February 01, 2005

Govt issues Ordinance to negate excise relief to ITC
IN what would come as a major blow to ITC Ltd, the Government has adopted the retrospective legislation route to negate the Rs 803-crore excise relief that was granted to the company by the Supreme Court in September last year. A Presidential ... More

Sensex zooms past 6,550
STOCK prices continued to rule firm on Monday on the back of good December quarter results, strong FII buying and the Government's decision to allow pension funds to invest in stock market and mutual funds. In Monday's trading, stocks rose ... More

Lower `other income' tells on banks' Q3 profits
THE results that have come in from the public sector banks for the third quarter of this fiscal are a mixed bag. Some banks have done well and some haven't. As a group, the sixteen banks that have announced their results have seen profits ... More

BSNL nets over 1 lakh bookings for broadband service
BHARAT Sanchar Nigam Ltd has received over one lakh bookings for its broadband services in the first two weeks since its launch. The state-owned company has given 1,000 connections and has rolled out the DataOne service in six cities. "The ... More

MTNL plea on ADC rejected — Lower mobile tariffs effective from today
THE new Access Deficit Charge will come into effect from February 1, with the Telecom Disputes Settlement Appellate Tribunal (TDSAT) refusing to grant a stay toMahanagar Telephone Nigam Ltd's (MTNL) petition challenging the new regime. MTNL had ... More

GDP growth for 2003-04 revised upwards to 8.5 pc
THE Government today revised upwards the country's gross domestic product (GDP) growth rate for 2003-04, with the latest `quick estimate' putting the figure at 8.5 per cent, as against the earlier `revised estimate' of 8.2 per cent released on ... More

Tata Motors posts 50 pc rise in third quarter net
TATA Motors Ltd today reported a 50 per cent increase in profit after tax at Rs 316.21 crore for the quarter ended December 31, 2004, from the previous corresponding Rs 210.88 crore. Backed by a 26 per cent growth in vehicles sales to 98,662 ... More

Why not sell on carpet-area basis, asks Parekh
HOUSING Development Finance Corporation (HDFC) has offered lower interest rates to the property developers and realty companies that would sell property on a carpet-area basis. The offer was made by the HDFC Chairman, Mr Deepak Parekh, at a ... More